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Syed Ali Al-Habshee shot himself on the foot twice in a week - challenge Rafizi to declare asset but chicken out himself.And now, menuduh Rafizi membuat fitnah dan pembohongan only to be proven that Rafizi is correct.

19 September 2011 – Deputy Governor’s Opening Address at the International Conference on Financial Crime and Terrorism Financing (IFCTF) 2011 -“Raising the Bar in Compliance and Enforcement”

“…It is my pleasure to wish all of you a warm welcome to this Third Annual International Conference on Financial Crime and Terrorism Financing.Â

We are indeed privileged today to have theÂ presence of Yang Berhormat Dato’ Seri Hishammuddin Tun Hussein, Minister of Home Affairs of Malaysia, who has kindly agreed to deliver the keynote address, and officiate the opening of this conference.Â

His presence reflects the significance placed by the Government of Malaysia on the roles and contributions of the financial sector in supporting the national agenda to combat and reduce crime, particularly economic and financial crime as well as terrorist financing, which is crucial in maintaining the integrity and stability of our financial system. On behalf of the financial sector, I wish to extend our gratitude to Yang Berhormat Dato’ Seri for gracing today’s event…”

http://www.bnm.gov.my/index.php?ch=en_speech&pg=en_speech_all&ac=414

25 September 2012 Malaysia to be evaluated for new financial crime regime

“…“More recently, money laundering has been connected with more modern crimes such as smuggling and the marketing of illegal drugs or weapon, which have at times generated huge earnings to those engaged in these activities,” he said in a keynote speech for the conference read by Police Deputy Inspector- General Tan Sri Khalid Abu Bakar.

He noted that since the Sept 11, 2001 incident, terrorism has also been connected with the phenomenon of money laundering.

“This money must get to them in ways that do not attract attention. In this particular case, it is not necessary that the origin of the money is criminal. In fact, this money could come from legitimate activities. Rather, it is its use that is criminal,” he added.

He said the mechanism of financing terrorism and laundering criminal capital can function in a world financial network because in that network, there are “weak” nodes or “black holes” represented by, among others, offshore financial centres.

“The weak nodes in the network are particularly dangerous because they not only facilitate the financing of terrorism and the laundering of criminal capital but also facilitate unfair tax competition among sovereign nations.

This last problem is also increasingly a subject of concern to policymakers,” he said.

The fourth IFCTF ended yesterday. It was jointly organised by the Compliance Officer’s Networking Group, Asian Institute of Finance, Institut Bank-Bank Malaysia, Securities Industry Development Corp and the Malaysian Insurance Institute with the support of Bank Negara Malaysia (BNM)…”

8 October 2014 – Assistant Governor’s Speech at the International Conference on Financial Crime and Terrorism Financing (IFCTF) 2014

“…Malaysian leadership and authorities are fully committed and unrelenting in the efforts to address money laundering and terrorist financing risks.

For the country, an effective AML/CFT regime is critical to:• Reduce the overall crime in the country;• Increase government revenue and reduce leakages in the economy;• Preserve the integrity and reputation of our financial system;• Create conducive environment for businesses and investors, and support the Government’s economic transformation agenda; and• Strengthen Malaysia’s reputation as a country committed to combat money laundering and terrorist financing.

On that final note, I would like to once again thank CONG and AIF for organising this conference. I wish all of you a successful and productive conference ahead.